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Problem Solving 1. (15 points) Baylor Bank believes the New Zealand dollar will appreciate over the next 30 days from $.48 to 5.50. The following annual interest rates apply: Currency Lending Rate Borrowing Rate Dollars 7.10% 7.50% New Zealand dollar (NZS) 6.80% 7.25% Baylor Bank has the capacity to borrow either NZ $10 million or $5 million. If Baylor Bank's forecast if correct, what will its dollar profit be from speculation over the 30-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? Note: In order to get full points, please show me the steps that you calculate toward the final